The Nittany Lion Fund Consistently Places at Top Wall Street Firms. Members of the Nittany Lion Fund have had great success in pursuing internships and full-time positions thanks to the training provided by the organization and the strength of the evolving Penn State network.
Is Penn State good for Wall Street?
Penn State is the No. 1 school in the country among recruiters from leading companies, nonprofits and government agencies, according to a survey by The Wall Street Journal.
Does Goldman Sachs recruit from Penn State?
Goldman Sachs and Bank of America Merrill Lynch have made Penn State a target school for their internship recruitment efforts. Many NLF members land internships as sophomores and even more land internships as juniors at firms like Goldman Sachs, J.P. Morgan, Citigroup, and many others.
What universities do investment banks recruit from?
Three of the top schools that investment banks consistently interview and hire from include the University of Pennsylvania, New York University, and the University of Michigan at Ann Arbor. Beyond the top schools, the Ivy League schools, such as Harvard, are also key spots that investment banks look to hire from.
How hard is it to get into the Nittany Lion Fund?
Andrew Chuirazzi , an associate in his first semester at the Nittany Lion Fund, said the fund is very competitive to get accepted into. About 50 students participated in the first round of interviews, he said, and he is one of 12 who were ultimately accepted.
Is Penn State an investment banking target school?
These firms all place well on Wall Street and are targets at particular firms. For example – Penn State is a target school at Bank of America Merrill Lynch but not at JP Morgan.
Can I invest in the Nittany Lion Fund?
It is one of the few university student-managed funds with actual investor money — not endowment dollars. The minimum initial investment per investor is $25,000.
Does Wall Street only hire Ivy League?
Only 5 schools make the grade. Even MIT and Cornell don’t count, according to the research study. The report says elite law firms, investment banks, and consultancy firms are only looking for recruits from the “top 5,” Harvard, Yale, Princeton, Stanford, and Wharton, according to her research.
What college do most people on Wall Street go to?
Not surprisingly, Harvard University and New York University are the top feeder schools for a career on Wall Street, according to Wall Street Oasis’ 2022 Investment Banking Industry Report.
Where does Blackstone recruit from?
The private equity and real estate giant plans to directly hire from 44 schools, including historically Black colleges and universities and women’s colleges, according to the report. It will continue to recruit from banks such as Goldman Sachs Group Inc.
What universities do JP Morgan hire from?
For JP Morgan (globally):
- LSE.
- Cambridge.
- Imperial College.
- UCL.
- Oxford.
- Warwick.
- St Andrews.
- Nottingham.
Which degree is best for investment banker?
There is no specific degree to become an investment banker, with investment banks hiring graduates from most subject areas. However, transferable skills from degrees like economics, business, mathematics and finance can give you an advantage.
What’s the best degree for investment banking?
A degree in Finance, business, or economics is the most common qualification for a career as an investment banker. Many programs offer certification to become a Chartered Financial Analyst (CFA). A graduate with both qualifications will have the most vital chance of success when applying for banking positions.
How do I join Penn State Investment Association?
First Steps
- Attend your first Penn State Investment Association Meeting.
- Gain access to the Canvas page which has dozens have helpful studying guides.
- Complete weekly assignments and submit them on Canvas.
- Talk to Fund Managers about how you should be preparing for your interview with the Nittany Lion Fund.
What is Nittany Lion Fund?
The Nittany Lion Fund is a student-run organization sponsored by the Smeal College of Business. It is a $7 million hedge fund with two goals: To outperform the market, providing a strong return for its investors. To educate its students, in order to help them obtain careers on Wall Street.
Is Penn State Good for finance?
Penn State University Park was ranked #40 on College Factual’s most recent list of the best schools for finance majors. This puts the bachelor’s program at the school solidly in the top 15% of all colleges and universities in the country. It is also ranked #7 in Pennsylvania.
Does PE pay more than IB?
Analysts at all types of private equity firms earn significantly less than Associates, just as Analysts in IB earn significantly less than Associates. In fact, PE Analysts often earn less than IB Analysts! So, you might initially make less money if you start in private equity.
Where do top consulting firms recruit?
Harvard, University of Pennsylvania, University of Michigan and Yale appear to be the best overall schools when it comes to recruiting for undergraduate consulting jobs.
Is it hard to get a job on Wall Street?
There never seems to be a shortage of people who want to work on Wall Street. Because of the above-average compensation, the finance industry has little trouble attracting talented professionals who want to become analysts, traders or managers. Like any industry, there are no set rules for getting a foot in the door.
Does Goldman Sachs only hire Ivy League?
Goldman Sachs prefers Ivy League schools, with Cornell, Harvard, and Columbia ranking third through fifth among employees with bachelor’s degrees. The firm also recruits heavily in the United Kingdom, with the London School of Economics, Oxford University, and Cambridge University being among their favorites.
What degree do you need to work on Wall Street?
What Degrees Can Get You a Job on Wall Street? Typically, you’ll need at least a bachelor’s degree in a business or math-related major to work on Wall Street. Such majors include finance, business management, economics, accounting, statistics, mathematics, or even computer science.
